Page 25 - ISX Year Book 2023 EN

Iraq Stock Exchange’s Annual Report 2023

• First Workshop on Trading System: Portfolio Management, Back Office & Online
Management System (Oct. 18, 2023)
Based on the decision issued by the Board of Governors on Oct. 4th 2023, the Egyptian
EGID Company delivered a presentation on the online trading system (OTS), portfolio
management system (PMS), and back-office system on Wednesday Oct. 18th to the
employees of brokerage companies, offices of the custodian bank, and those associated
with custody services.

• Second Workshop on Trading System: Portfolio Management, Back Office & Online
Management System (Oct. 24, 2023)
th
Based on the decision issued by the Board of Governors on Oct. 4 2023, the Direct
Financial Network Company (DirectFN) delivered a presentation on the online trading
system (OTS), portfolio management system (PMS), and back office system on
th
Wednesday Oct. 24 to the employees of brokerage companies, offices of the custodian
bank, and those associated with custody services.

Eleventh: Supervision, Inspection & Control of Trading

The activities and plans of the Supervision and Inspection, and Trading Oversight Departments
are integrated efficiently, especially through direct coordination with the Electronic System
and Public Relations Departments, and Iraqi Depository Center, through the implementation
of:
1. Regulations No. (4) regarding the financial solvency of brokerage companies.
2. Regulations No. (9) regarding the financial disclosure of brokerage companies.
3. Regulations No. (12) regarding the controls of account segregation for brokerage
companies.
4. The regulations for securities trading.
5. The rules of electronic trading.
6. The regulations associated with intended cross orders and block trades.
7. Regulations No. (1) regarding securities trading by non-Iraqi investors.
8. The regulations that prohibit insider trading on companies’ shares.
9. Regulations No. (8) regarding listed companies’ disclosure of financial statements, and
extraordinary significant events that affect share price.
10. Regulations No. (2) associated with suspension or resumption of trading securities of
the ISX-listed companies prior to, or post their AGMs, and working in cooperation with
the Public Relations Department to monitor compliance with which.
11. The regulations that control disclosure of key judgements and assumptions regarding
the significant influence.
12. Updating cap formula parameters on a daily basis before and during any trading session
between 9:00 and 13:30, in cooperation with the Clearing Bank, and Electronic System
and Public Relations Departments.
13. Pursuing the issuance of annual letters of guarantee to brokerage firms, in order to
ensure proper application of relevant regulations and rules.

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